Pertinent Category: Daily Economy

22 States Raised the Minimum Wage: What Does This Mean for Low-Skilled Workers?

– January 9, 2024

“Governments inadvertently eliminate many of these essential entry-level jobs by advocating for higher minimum wages. This lost first rung has profound consequences, especially for vulnerable groups.” ~Vance Ginn

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Business Conditions Monthly November 2023

– January 9, 2024

“In light of expectations of falling demand and the increased vulnerability of the US economy to geopolitical shocks, our prediction of a US recession by September 2024 stands.” ~Peter C. Earle

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The Cheap Populism of Bashing CEO Pay

– January 8, 2024

“The time needed to accumulate skills and experience is considerable and few people want to have the downsides of being a CEO. Demand for such skill is increasing faster than supply, which results in growing CEO pay. It’s basic economics.” ~Vincent Geloso

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Are CEOs overpaid?

– January 8, 2024

“Behavioral economics contributes the insight that different kinds of compensation incentivize, reward, and support different kinds of behavior, so a range of justifications for executive compensation may come into play and need to be considered by directors and the compensation committee.” ~Robert Mulligan

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Subsidies: Cui Bono?   

– January 7, 2024

“When a tax is imposed, everyone potentially in its crosshairs, from buyers to sellers to workers and other suppliers of inputs to firms, wishes to avoid the burdens. They thus have incentives to dodge them by changing their choices.” ~Gary Galles

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You Can’t Find Your Innocence By Hating Others

– January 7, 2024

“The mass State has no intention of promoting mutual understanding and the relationship of man to man; it strives, rather, for atomization, for the psychic isolation of the individual. The more unrelated individuals are, the more consolidated the State becomes.” ~Barry Brownstein

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Who’s Winning the Race for Real-Time Payments?

– January 6, 2024

“The extent to which the Federal Reserve will take measures to hold back TCH-RTP’s growth was not yet clear (and maybe it still isn’t). Institutions may be hedging their bets or testing both systems.” ~Nicolás Cachanosky

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$34 Trillion and Climbing

– January 6, 2024

“The US government will never, ever, voluntarily cut spending. For our self-preservation, American citizens will need to find a means of arresting the Beltway’s profligate instinct.” ~Peter C. Earle

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Land of the Free – An Update

– January 5, 2024

“We live in an era dominated by the doctrine of prior restraint, the notion that all actions (individual or corporate) should be forestalled until approved by an appropriate authority. It is an ugly inversion of a bedrock principle of a free society.’ ~Paul Schwennesen

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A Short Guide to ESG: Political Problems

– January 5, 2024

“By what right do largely unelected global elite ESG advocates get to impose their priorities and values (to their own benefit) on everyone else in the world?” ~Paul Mueller

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Capitalism Is Impersonal, Not Soulless

– January 4, 2024

“Because in today’s global economy the people with whom we interact economically number literally in the billions, the percentage of these persons with whom we also interact personally is near zero.” ~Donald J. Boudreaux

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Podcast: ESG’s Moral Crusade for a ‘Green New World’

– January 4, 2024

ESG has been perniciously changing the way corporations, governments, NGOs and institutions operate. This discussion on the Liberty Curious podcast highlights the utopian ideals and ideological shifts that have shaped the ESG movement.

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